Africa is a continent blessed and enriched with natural resources, raw materials and also, fertile soil.
Let’s look at some of the African countries with the best economy and also the wealthiest among other countries in the continent. The continent compresses of 42 countries , derive it’s income from Agriculture, Trade and Natural resources.
That brought us to the topic of the day: Top 10 Wealthiest African countries 2020 ranked according to their GDP and Exporting Ability based on IMF (International Monetary Fund) and World bank using GDP current prices in U.S dollar 2020.
Nigeria is definitely the most wealthiest country in africa with a GDP of $446.543 billion dollars.
On global ranking, Nigeria is ranked 27th with a population of 195,874,740 people. The country is located in the western region of Africa, generate her income from Agriculture, Raw materials, Crude oil, iron ore, etc.
(2) South Africa:
South Africa is definitely a wealthy country, located in the southern region of Africa. It’s GDP is $385.839 billion. The country is ranked 35th in global ranking with a population of 58,775,022 citizens, generate her income from gold, iron ore Platinum, Coal, diamond etc.
With a GDP of $302.256 billion, population of 100,000,000, the country is globally ranked 40th in the world. The country generate her income from chemical production, crude oil, textile and agricultural produce etc.
Algeria is definitely the fourth wealthiest African countries, with a GDP of $172.781 billion and a population of 42,972,878 people, is ranked 53rd in the world. The nation generates her income from petroleum, natural gas and petroleum products ammonia.
The 5th most wealthiest African country is Morocco. With a GDP of $119,04 billion and a population of 36,029,138 is globally ranked 58th. The country generate her income from clothing and textiles automobile, aircraft parts, citrus fruits, fish, inorganic chemicals electricity etc.
With a GDP of $99,246, and a population of 47,564,296 is globally ranked 61st. The country based on petroleum products, fish, tea, horticulture, cement apparel etc.
With a GDP of $91,527 billion and a population of 30,809,762 is globally ranked 62nd in the world and it generates her income from diamond, timber, cotton, refined petroleum products, Crude oil, etc.
With a GDP of $91,166 billion and a population of 108,113,150 is globally ranked 63rd and it generates her income from live animal, leather products, qat, coffee, oilseeds etc.
With a GDP of $67,077 billion and a population of 29,767,108 is globally ranked 71st and it generates her income from gold, bauxite, aluminum, manganese ore, timber, oil etc.
With a GDP of $62,224 billion and a population of 58,552,845 is globally ranked 74th. The country generates her income through gold, cashew nuts, coffee and cotton.
What is your opinion about this Post or which country do you think it suppose to be here but not included.